Corporation of the Presiding Bishop of the Church of Jesus Christ of
Latter-day Saints (CPB)
Corporation of the President of the Church of Jesus Christ of Latter-day
Saints
Deseret Trust Company
LDS Family Services
Property Reserves Inc. (PRI)
Ensign Peak Advisors - http://www.imno.org/articles.asp?qid=123

I thought you might find interesting this transcript of
the US Senate Committee case regarding Mormon Senator Reed Smoot. Where did Mormon
Church President Smith find time for meditation, let alone revelation?

Senate Committee Testimony Transcript:

Mr. Tayler (Senate Attorney):What is your business?
Mr. Smith (Mormon Prophet and President): My principle business is that of
president of the church.
Mr. Tayler: In what other business are you engaged?
Mr. Smith: I am engaged in NUMEROUS other businesses.
Mr. Tayler: What?
Mr. Smith: I am PRESIDENT of Zion's Cooperative Mercantile Institution.
Mr. Tayler: Of what other corporations are you an officer?
Mr. Smith: I am PRESIDENT of the State Bank of Utah, another institution.
Mr. Tayler: What else?
Mr. Smith: PRESIDENT of Zion's Savings Bank and Trust Company.
Mr. Tayler: What else?
Mr. Smith: I am PRESIDENT of the Utah Sugar Company.
Mr. Tayler: What else?
Mr. Smith: I am PRESIDENT of the Consolidated Wagon and Machine Company.
Mr. Tayler: What else?
Mr. Smith: There are several other SMALL INSTITUTIONS with which I am
associated.
Mr. Tayler: Are you associated with the Utah Light and Power Company?
Mr. Smith: I am.
Mr. Tayler: In what capacity?
Mr. Smith: I am a director and PRESIDENT of the company.
Mr. Tayler: A director and the president?
Mr. Smith: Yes, sir.
Mr. Tayler: Had you that in mind when you classified the others as 'small
concerns'?
Mr. Smith: No sir, I had not that in mind.
Mr. Tayler: That is a 'large concern'?
Mr. Smith: That is a large concern?
Mr. Tayler: Are you an officer of the Salt Lake and Los Angeles Railroad
Company?
Mr. Smith: I am.
Mr. Tayler: What?
Mr. Smith: PRESIDENT and director.
Mr. Tayler: Of what else are you President?
Mr. Smith: I am PRESIDENT of the Salt Air Beach Company.
Mr. Tayler: What else, if you can recall.
Mr. Smith: I DO NOT RECALL JUST NOW!
Mr. Tayler: What relation do you sustain to the Idaho Sugar Company?
Mr. Smith: I am a director of that company and also the PRESIDENT of it.
Mr. Tayler: Of the Inland Crystal Salt Company?
Mr. Smith: Also the SAME POSITION THERE.
Mr. Tayler: The Salt Lake Dramatic Association?
Mr. Smith: I am PRESIDENT of that and also a DIRECTOR.
Mr. Tayler: Are you president of any other corporation there?
Mr. Smith: I DO NOT KNOW. PERHAPS YOU CAN TELL ME!! I DO NOT REMEMBER ANY
MORE JUST NOW!
Mr. Tayler: It would seem that the number has grown so large that it would be
an undue tax upon your memory to charge you with naming them all.
Mr. Smith: What relation do you sustain to the Salt Lake Knitting Company?
Did I already ask you about it?
Mr. Smith: No sir, you did not.
Mr. Tayler: The Salt Lake Knitting Company?
Mr. Smith: I am PRESIDENT of it, and also a director.
Mr. Tayler: The Union Pacific Railway Company?
Mr. Smith: I am a DIRECTOR.
Mr. Tayler: Are you an official of any mining companies?
Mr. Smith: Yes, sir.
Mr. Tayler: What?
Mr. Smith: I am the vice-president of the Bullion, Beck and Champion Mining
Company.
Mr. Tayler: The Deseret News?
Mr. Smith: No, sir.
Mr. Tayler: You have no business relations with that?
Mr. Smith: NO SIR.
Mr. Tayler: Is the Deseret News the 'organ of the Church'?
Mr. Smith: Well, I suppose it is in some sense the 'organ of the church'. It
is not opposed to the church, at least.
Mr. Tayler: It has for years published, has it not, at the head of its
columns, that it is "the organ of the church", or the
"official organ of the church"?
Mr. Smith: Not that I know of.
Mr. Tayler: Do you know who owns it?
Mr. Smith: How is that?
Mr. Tayler: Do you know who owns it?
Mr. Smith: I know who owns the building that it is in.
Mr. Tayler: Who owns the building in which it is published?
Mr. Smith: The church.
Mr. Tayler: The church?
Mr. Smith: Yes, sir.
Mr. Tayler: Tell us what you know about the owners of that newspaper.
Mr. Smith: It has been for a number of years past owned by a company --- AN
INCORPORATED COMPANY.
Mr. Tayler: What is the name of the company?
Mr. Smith: The Deseret News Publishing Company.
Mr. Tayler: Do you know who its officers are?
Mr. Smith: No, it is not owned by that company.
Mr. Tayler: Oh, it is not?
Mr. Smith: No; it is not.
Mr. Tayler: What do you know ----
Mr. Smith: But I say for years it was owned by a company of that kind.
Mr. Tayler: What do you know about its present ownership?
Mr. Smith: I presume that the present ownership is IN THE CHURCH.
Mr. Tayler: You suppose the present owner is 'the church'?
Mr. Smith: Yes, sir; the church.
Mr. Tayler: I do not want to have any misconstruction put upon your use of
the word 'presume' because you do not know that it is so owned?
Mr. Smith: I really do not know so that I could tell you positively.
Mr. Tayler: Who would know?
Mr. Smith: I PRESUME I could find out.
Mr. Tayler: Could you find out before you leave Washington?
Mr. Smith: Perhaps so.

A day later, because the ownership of the Deseret News and its articles were
keys to the case, Joseph F. Smith testified:

Mr. Tayler: In what form does your church have title to the Deseret News
property?
Mr. Smith: It owns the deed.
Mr. Tayler: I am speaking of the newspaper, not the building.
Mr. Smith: The press; yes. I would like to state that when I was asked that
question before, Mr. Tayler, I was not aware of the fact that I have since
learned from my counsel here that during the trusteeship of Lorenzo Snow the
Deseret News plant was transferred from the Deseret News Company to Lorenzo
Snow, trustee, in trust. I was not aware of the fact, Mr. Chairman, when that
question was asked me yesterday, I believe it was. I have since learned that
that is the fact and that my counsel who is here made out the papers for the
transfer. .....
Mr. Tayler: So that it is now in YOU as trustee in trust?
Mr. Smith: NOW I OWN IT AS TRUSTEE IN TRUST. Furthermore, I will say that I
have discovered since yesterday that there is published on the second or
third page of the Deseret News the statement that it is the "organ of
the Church of Jesus Christ of Latter-Day Saints"
(Reed Smoot case, Vol. 1, page 158).

As you can see, the Mormon Church has been about business for a very long
time.

Subject:

ROFLMAO! And a fine job he was doing for all those
companies, I'm sure. n/t

Subject:

All boards were once chaired by a member of the 12.

Date:

Jul 23 11:42

Author:

Secret Agent exMo

It only changed 20 years or so ago, because of tax laws. The
Morg was crossing the for-profit/not-for-profit line because of the leaders
of the Church acting as chairs. It doesn't matter much. All of the
for-profits take their direction from the Presiding Bishop, members of the 12
and the Hinckster himself. And, the chairs in place are all very rich TBMers,
such as Robert Garff.

Subject:

And what businesses were Jesus "the" Christ
president or director of? Says a lot about the church. n/t

Subject:

What about Intellectual Reserve? & all the other Reserves?
NT

Subject:

I hope they archive this.

Date:

Jul 22 17:36

Author:

can't log in here

This list is insane! They own the Lai'e Shopping Center?
The Beach Park? Restaurants? Good grief! This whole operation is a business masquerading
as a church for the tax free status.

Subject:

good point: "a business masquerading as a
church" ... does the IRS really approve of this?! n/t

Subject:

2nd largest ranch in Nebraska

Date:

Jul 23 03:35

Author:

FreeAtLast

The church bought the ranch last year, I believe. Based on
the fair market value/acre, it would've cost about US$26 million.

The church cried poor and laid off meetinghouse custodians and other church employees
a few years ago, but somehow has managed to "scrape together"
enough money to built several multi-million dollar temples, buy the ranch in
NB, spend US$400+ million on the conference center in SLC, and nearly US$1
billion on two malls in SLC. At least thinking people can see where the
church's priorities lie.

Are they going to buy the Wyndam next? Or did that hotel get its name
changed?

Subject:

It was only a matter of time.

Date:

Jul 23 11:49

Author:

Secret Agent exMo

The Church owns the Triad Center, which is right next to it.
It probably drives them mad that demon alcohol is served in the Devereaux
mansion. ALCOHOL I say, right next door to a Church property!!! Scandalous!

Subject:

I should add...

Date:

Jul 23 11:51

Author:

Secret Agent exMo

BYU will soon have a campus in the Triad Center, and the
LDS Business College has already moved there.

ALCOHOL!! Like, OMG, zoobie going to class not more than a few hundred yards
from ALCOHOL! Control, the Morg must have CONTROL.

Subject:

Re: I should change that somewhat

Date:

Jul 23 11:59

Author:

Secret Agent exMo

I reread the article posted by T-Bone. Apparently, the
Devereaux House stopped serving alcohol last year, at the request of the Morg,
in exchange for a lower lease rate.

"Your lease rate is $75 per square foot. But, if you stop serving
alcohol, we'll lower it to $36 per square foot." Extortion!!!